Another nice video Jordan. Not many people would discuss how to estimate a job and definitely not telling the price they charged. Quite brave of you good man big thumbs up off me keep them coming
Yeah really dont get it. I am not even an electrician, but bought a good Makita wall chaser just for chasing walls in our house when we rewired it, so that the electician just had to put cables in it. Even for one house it paid off easily
I am only half way to finish this video and so much hate in the comments, I think this is the best video ever where you 'personally' explain how to manage this particular job. Obviously everyone is different that's why not everyone is an electrician. Great video btw 👍
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I've completed many rewires and a 3 bed usually is about 7-10 days at a steady pace for me and my apprentice. Just completed a 3 bed cottage in 12 days that was stone wall, nightmare runs etc etc. My price was less than 5k for the lot. I do respect your rates its a real eye opener as obviously its working for you so why would you go cheaper. Your yearly profits speak for itself, ignore the haters keep at what your doing mate :)
Funny how so many electricians are ranting on here saying that Jordan charges too much, but in the next video the same sparks are moaning that there's no money in Electrics anymore. If everyone raised their prices across the board it would benefit you all yer? Well it seems to me that that's exactly what Jordan's doing here. It probably helps to be based in Cambridge, but he's making it work. Thanks for the videos Jordan.
Should of got the scottish rewire boys on it pal 🤣 theyd of had that wired in a morning and plastered in the afternoon 🤣 no impact drivers were harmed in the makin of this video
This is how you run a electrical business! profits ,mark ups ,over heads and wages covered . Nearly all electricians are not businessmen and go with what everyone else is doing
I’m shocked, fairplay if you can get those rates, I personally wouldn’t have the nerve to print that sum and send it to someone unless it was a joke 😂 it’s £55 a socket, £55 a downlight, for middle of the road, £65 USB socket, we done a 5 bed rewire last year few down lights in this price, £7,800 inc vat
Fair play to him I suppose. I seriously don’t know anyone who charges these rates though. And looking at his work on RU-vid, he’s no better than the average electrician who is good at his job. He’s not a cut above, which is what I would expect for the over inflated prices. You can tell his mentality......‘I will show you how ‘I’ price a rewire.....not how an ‘average joe’ prices one. He certainly thinks he’s a cut above. Good luck to him. He seems to be convincing his customers he is super sparks. How would they know different! He probably believes it himself.
@@Spark101. and he's also raising extra money from this channel and promoting things. I thought he went too far when he was asking apprentices to donate 🤣
@@tezzatibbz2278 He also went too far charging £1000 for a business course. No doubt, lots of apprentices and trainee’s who dream of making it are now a grand down after paying for information you’ll likely learn just by going through the process of starting a business, and making all the mistakes yourself. Which, is probably the best way to learn. He thinks £1000 for this common knowledge is reasonable. But then again, he also thinks £768.00 per man per day is reasonable. 😂😂 Imagine him having a coffee shop: ‘That’s £17 please’ £17!!!!!! For one coffee!! ‘Well, all our coffee is made with the most exquisite attention to detail, and our customer services during the course of us serving it to you is unrivalled! Granted, it isn’t 100% brand new because we used a second hand cup, but we have a great reputation so we price high end anyway’ Second hand cup and just coffee inside yea??? ‘Yea!’ Erm......yea, I’ll leave it then cheers! They do brand new cups with coffee in it down the road for £2 😂
Hi Jordan great video on this rewire, very brave of you to publicly announce your pricing to all and sundry, I know you say you don't do many rewires and concentrate on other work, with regards to a wall chaser and Extractor I wouldn't be Hiring tools like that my old boss said to me "hiring is dead money if you have to hire something twice you should have bought one in the first place", for the price of a decent wall chaser (I have the Dewalt cordless 54 volt chaser and a Dewalt 240 volt extractor) once they're bought they're a company asset, many tradesman now hire self storage units for storing their own kit such as long step ladders, chaser, vacuum, work lights and platforms etc plus storage for all spare stock
Thanks for this video, good to discuss it.I quote on average £6500 for 3 to 4 bedroom house, but the house should be empty. I'm self employed, but get guys in to help me with a rewire.
I am still surprised how people can come up with quotes of £3500-4k for a full rewire 3 or 4 bed house. I can not understand what you have to do to make money from that.. I am personally avoiding full rewire(unless if is a very important and good client, but still I would be far away from prices listed by some other people..)
if the customer wants a price for a rewire, its pointless carrying out an EICR and a waste of money for the client, IMO as your renewing all the cable, Even picking up the odd exisitng wires , not a good idea especially if the wiring is really old
i try to stay away from rewires, they are hard work for little reward. if i do a house like this i will allow 10 days, and that will also include me patching up the chases, most of the time it will be done under 10 days. smoke alarms should be standard these days
I also avoid rewires for the same reasons as you. I can't get my head around electricians cutting prices down to the bare minimum to get such awful work. Love the videos.
Really interesting. Working for myself I estimate a rewire to take 3 to 4 weeks. I aspire to run my business to be more higher end so to speak. I always use quality accessories and do the best job I can. Some aspects of the job are unseen, but still the attention and care carries through. Customer service is the most important aspect of everything I do, I want repeat business, I want my business to be a success. I wish everyone out there that same success, we have all had to adapt over the last year, but at the same time, not taking anything for granted.
Another excellent breakdown of essential inclusions that I, and others I am sure, may not have thought of. I get so much from your videos, Jordan. Thanks for your commitment to excellence.👍🏼
You said "would i of won the job if i Quoted with software?" But just before you admit it wasn't worth it so i would say the software quotation was bang on the mark! After 34 years of quoting for jobs there are still the ones you wish you never did!
Interesting watch, but even more interesting reading the comments. A customer will pay what a customer is willing to pay. It's why people still shop at Waitrose when they know they could spend less at Lidl. A lot of this comes down to service and experience for a customer. Some people want excellent service. They want you to pick up the phone when they call, turn up on time, sell yourself, talk them through the job, issue a full, written quotation, and be there for a chat afterwards if they have any questions. Other customers are happy to wait for you to turn up when it suits you. Send an email quote 4 weeks later, and turn up to do the job when you've found time in your diary. Each to their own. All I would suggest as an industry we try to resist a race to the bottom. Both in terms of the quality we deliver, and the prices we charge. We are a skilled profession. Take pride in that.
A tip for conduit and its handy for loads of otherthings. Drill a 5mm hole , bend a riptie in half about an inch and a half from the head. Stick it in the hole and stick a screw in it like its a wall plug. Riptie anything you like to the wall then.
I like your honesty - occupied rewires are always a nightmare - I would always allow 50% more than whatever your quote comes out at. We only do empty houses now unless I know the customer really well. I wouldn’t have bothered with a chasing machine the apprentice is a lot cheaper. ☺️
Too many keyboard warriors commenting on here. You charge what you think you're worth. Customer has the option to say no and find a cheaper quote. You can buy a Bentley or a Skoda. Both will get you from A to B but the Bentley is better. By the way, I price my rewires as time and materials plus 20%.
Yup.. Double socket in every room corner, back to back sockets upstairs, definitely no MK fronts ~ instead Screwfix SP switched sockets and a BG Board 👍.
I allow 3 hours per point including making good , obviously with down lights I allow 15 minutes to connect each one & 2 hours per light wiring this seems to be spot on with every job I do allow a full day to fit & test a consumer unit 14 way maximum.. Been self employed since 1993 & still at it . I agree with you that EICR's & consumer unit changes are the money spinners, well explained Jorden take care. Martin, M.R. Edwards Electrical.
On stuff like this you don't need to worry about a warranty as it comes under part p and you will have a 6 year warranty as standard by the scheme provider.
Wow lot of negativity on this lol. At the end of the day the customer was satisfied (its artisan customer satisfaction comes as standard lol) everyone got paid and you made a profit. To me that’s the main thing to take away. Great and interesting video Jordan
Couldn’t agree more. Cambridge is a wealthy city, there are people willing to pay for the Artisan experience 😁 You won’t find Jordan cutting corners or riding roughshod over basic health and safety... you’re paying for the reassurance of a job well done!
Old stocks of Artex containing asbestos was still being sold mid 2000, despite being banned in 1999,& you be surprised how many things in a older house contained asbestos,it's a long list. And I normally use independent tool hire places, than the big hire names,as I can get a cheaper price rates for hiring.
Excellent breakdown dude. Very honest and upfront. Pricing is always a concern for me, there seems to be something I forget to add in every time however every quote is a lesson learned. I for one appreciated this video, thanks Jordan. Take care Artisan crew.
“ Joe Average “ After watching a few of your videos what makes you think you are a cut above the rest? . As a retired electrician your standard of work is only to the standard as one would expect to receive from a fully qualified electrician and I do not see any evidence that your work is in a way superior to many of the electrical installations I have worked on over the years. .
Charging 1280 quid a day for 2 subcontract sparks well all I can say is if someone is willing to pay that then more fool them. Yes Artisan appear do a decent job but at the end of the day it’s a domestic install that any good professional electricial outfit should make a decent job of. Yes too many sparks don’t charge enough and it’s good to see rates are going up but these rates verge on ripping people off I think. On the other pricing model - per point - you can’t apply the same price to all points. A pendant can’t be the same as a heat detector or a 10mm shower supply. - I have a spreadsheet with rates for sockets, switches, down lights etc. You get what you pay for only to a degree - a socket or a switch or a luminaire wired neatly and to regs can’t be any more than just that. It’s not like you’ve put in some futuristic smart home system, cctv, fancy lighting system it ? As they say a fool and his money are easily parted.
Everything you said is why I never bid and just do hourly labor and materials. Otherwise I’m required to bid higher just to cover the unknown. As such if I bid high and don’t have as much labor as thought, I’ve done the customer a disservice other wise m the one who pays for underestimated time. No bid , hourly only. I charge 52£ an hour for me and more if there are others. I am an honest person and work hard and give an honest hours work. I am at the high end in my area and it gets rid of the low ball jobs
I agree that’s a safe way of doing things! Normally customers want to know how much something is gonna cost though so it’s difficult to do it that way.
Whilst I think the price seems a tad high, and the timescale is more than I would allow. Perhaps for electricians who are not full time house bashers this is a realistic timescale. Maybe in terms of pricing this is where the industry should be headed, we all moan that electricians are poorly paid these days on site compared to other trades but our prices haven’t changed in 5-10 years for fear of being undercut and losing work or the client being horrified at what they actually should be paying for an experienced qualified electrician. Jordan’s confidence in his own ability to deliver a high quality service must speak volumes to the customers or he wouldn’t win work at those prices. Either that or there just aren’t any cowboys in Cambridge that will undercut him by 8 grand and leave the customer without a cert.
I honestly can't believe how much you charge for a rewire or even per hour for that matter. Don't know if it's just the area or you are just good at marketing? That up north would have cost 2.5k max including materials, be just as safe and as just as good workmanship. I say shop around people.
I always quote per point for a rewire. Then itemise everything on the quote. So for instance if it’s £90 per socket, the client can easily see how much extra things are going to cost if anything changes. This has always worked well for me in terms of profit margins
Last job I’ve priced and I’m doing... £9.500 - pendants, tiny kitchen, 10 days per 2 men job. Hager RCBO C/U, satellite sockets in every room, car charger provision.
There is a reason why some rewires are cheap, is because nasty poorly done and don't meet the needs of the customer and are not future proof and poor quality material used and most don't meet the current regs. I charge £130 per electrical point and that's for basic white accessories, any smart home devices are extras . People pay for what I know, all my work will pass any independent inspection . Other sparks in my area will tell you my work is done by the book and I don't do short cuts
3 paddys give quotes to building contractor for rewire, paddy english man 3 grand, paddy scots man 6 grand ,paddy irish man 9 grand, when asked for a breakdown paddy english 1500 labour 1500 materials, scotsman 3000 labour 3000 material, paddy irish man tells builder 3 grand for you 3 grand for me and we sub it to paddy the english man.
Great informative video. I recently purchased my first property in Leicester, 3 bed semi detached. Just had a full rewire done on my house which took around 8 days. Cost me £3k.. it is crazy the price differences I agree, 10k would of definitely priced me out, I nearly fell out my chair when that total came up..
I don’t have much storage space so can’t afford to have loads of tools laying around that I rarely ever use. Having said that, I did just take deliver of a wall chaser and vacuum! 👍
£110 per point + materials + sundries. 3 bed by way of loft conversion circa 9k - 9.5K. (20 man days allowing working round other trades) Not worth doing for less
I am waiting for a home charger to be installed, i was told by BP pulse that i need a 100 amp isolation switch, i contacted my supplier, and they are charging me £200 , according to bp pulse i'm paying around 3 times too much. That must be why everyone is wearing a mask these days.
Hi, I'm considering getting our quite old-ish (I think 1930s) house rewired. it looks like it's quite a disruptive job - usually takes a few days - and what kind of ballpark cost - or does it very much depend? We also have a bit of a hoarding problem in the house - I imagine that this might add to the hassle and cost..?
I wonder what David Savery charges for a rewire if he does them and other "RU-vid celebrity Electricians". Jordan does at least talk about his pricing. Maybe Artisan get more money because they are "RU-vid" celebrity tradesmen? A bit like you'd pay a premium for a celebrity chef.
Fair play, if that’s what the market will bare taking into account area, spec and overheads of the business. Our company literally can’t make a profit on domestic re wires at a push DB upgrades as they’re quick also high end clients where it’s more on a commercial footing with rates, overheads kill it, with the office, office staff, vans, insurances, staff training, IT systems and software. If that’s what it cost you that’s what it cost you, evidently you’ve got a structure to your pricing and not just plucking number out of the air or what you think the customers “good for” and at the end of the day they can always choose not to have it done and opt for someone with far fewer overheads that can do a similar job cheaper. 🤘
Hi Jordan thanks for the video, it was really informative. Would be good to know (do a video on) what your ratio from quotes = booked business is and if that's something you analyse?
Jordan thanks for the great insight into how to price a rewire & what sorts of overheads to consider.👍🏼 Ignore all the negativity in the comment section, some people just don't appreciate the value of your time & skill not to mention all the effort you put into building a business. A business must turn over a profit for it to survive, some people just don't get it. Thank you for being honest. To be truthful videos like these are persuading me to invest in your online course. I will very soon hopefully, but when the time is right for me. 😊✊🏼
Pretty much my model too mate but I like to do the outdoor supplies /hot tubs etc too. Someone spends 10/15/20k etc on a big shed ...(sorry summerhouse...garden room.. whatever they want to call it ) they will generally be ok with paying a decent rate to have it connected up properly
Great video, really interesting. The way you are sitting, your white fluffy cat should be on your lap so you can pet it as you reveal your cunning plan, not stuffed behind you 🤣
Usually, I calculate per points then on hourly rate and take the average sort of, if I was charging your prices I would have owned a SpaceX rocket not only a Tesla :), well done to you 👍🏼
Looking back at the original EICR I think the client got a good deal on that property in the first place so he must be a bit savvy. Based on that he would have got more than 1 quote for the rewire with all that asbestos and green poison everywhere. I think Jordan has got his pricing spot on.
Where's the premium service in this rewire?just a standard rewire that most nic/eca sparkies would carry out( who have pride in their work)...but double the price!
I can see the customer service will set Artisan apart from most sparks. There’s value there. Also, customer needing to be back in the property after a week must be a nightmare. Added pressures and all that.
We aren’t the quickest but 3 bed rewire completed before Xmas in 2 1/2 days. All chased in capped or oval conduit installed, CU changed. and that included about 20 downlights. Other end of the country to me though......I should maybe think about moving??
Hats off to you man for sharing those prices i m just a handy man i always get my prices low listening to you give courage to put my prices up rightly so fuckin people wants jobs done for peanuts money
We all know it's nice to make a profit. But can't it simply be that the customer pays your wages for your services? You enjoy what you do, the customer is happy and your guys get paid. Didn't you say you made £150 k profit?
@@peterpuchalski817 In another video he said £150k for the year. Fair play to Artisan but for the general public getting trades people in seems to require remortgaging.
@@aaronharris5275 £150k could be his turnover. Even if its his profit then good luck to him. It's about working smarter than your competitors sometimes. Don't compare yourself to the next man and his prices and dont join the 'race to the bottom' ... i cant see how these £350 cu changers can ever be making any money. Its what you think you are worth and if you are not getting work from what you do then change what you do, Simple!
If you only charge your wages you own a charity not a business and you will go bust eventually when something goes wrong. You have to make a profit for the sake of continuing your company for a long time and being able to support your customers in the long term. Too many companies do a cheap job and then go bust and customer tries to contact them a few years later to find out they no longer exist.
All I can say is fair play to you. I'm carrying out a 3 bed rewire with no downlights. Just standard install for letting. I'm charging £4000 Inc materials. 🤣🤣 That's a big difference. Maybe I need to rethink. I charge per point myself usually. £50 per point basic spec. Enjoy watching other electricians videos. Might be a way to go myself I think. Keep up the good work.
@@artisanelectrics that's just ridiculous if they are. Surely people aren't that stupid to fall for it. Maybe they are. Great work anyway, I think it's something I need to defo get going with. RU-vid seems a great advert for the business.
So here is my take on this and I am looking at the consumer perspective as well. If you are providing a premium service then the cost is not premium. The point is how do you make your work stand-out and how do you go the extra mile to prove the premium quality of your work. Certainly the RU-vid channel helps and so does Instagram. However if you can provide the customer a document/handbook detailing the kind of quality you undertake with regard to wiring routes, splicing, terminations and quality of materials used and preserving existing structures such that routes are very clean then providing that information in a document with photos of all of this information would strengthen the confidence that you are providing a premium service and not just boshing a rewire in double quick-time. Transparency is really important for customers and give confidence that customers are paying for a quality service and are getting them. More than that if you are not doing too many rewires then you should not push to speed things up if you compromise on quality. As you say you can overestimate your own capacities but building in buffers in cost and time is really key.
@@artisanelectrics Thats always my initial answer, however the customer does not want that answer! They don't like it when you find there's no RCD or bonding, loop too high, all spurs etc. etc.!! All they usually want is bottom line cheap price.
So this video tells me as a customer two things. 1) Most sparkies aspire to do the easy jobs like adding a socket, charger, swap out a CU or do an EICR. The less experienced ones, or specialists end up with low profit rewires. 2) A long conversation with the average customer is needed to define what and where everything goes and what those visible bits are. Walking them through the process to make them think is key so expectations are managed and met. It also tells me you are fortunate to have customers willing/able to pay your high end labour charges. Perhaps someone more knowledgeable can point out where you earn that premium since all I see is outlets fitted to regs.
I certainly wouldn't class cu changes and eicr's as easy done properly. They may look easy on u tube but take years of experience and knowledge to complete competently. Less experienced completing rewires? Rewires again done wrong can kill Experience is essential for any type of rewire
Jordan, your 20% is markup not profit. Retailers use markup, other businesses work on profit margin Tradify doesn’t calculate margin correctly as that also does markup
Agree. Actual profit margin closer to 16% with a 20% markup. Profit margin almost 0% on this job with overruns. Great video and appreciate the share Jordan. Better luck on the next one.
I really do think if a business is offering or pretending to operate a premium service then they should at least own ALL their eqiupment. You've replied saying you don't have storage for all the tools necessary, but once again, you're charging premium rates, you should have storage in place! I did used to like your videos, but the more I watch the more it comes across that you're Willy waving. I think the way you come across talking about money all the time, trying to push your online courses that you're on the very verge of achieving the opposite of what you're trying to demonstrate.
Are there methods you use to quickly convince customers of your higher quality of work? Or do you think they just associate great customer service with great quality work? I guess that would be the essence of being able to win jobs with quotes that are more expensive than your competition by educating customers as to what the difference is between getting someone to do it on the cheap vs the premium option. i.e do you ever say to the customer "xyz competitor will probably quote you 5,000 quid for this but they will likely cut corners in abc aspects"?
I send them a list of assurances when I quote to make sure they know what they can expect from us in terms of quality and customer service. It makes us stand out.
Like the videos. Just curious about the pricing. £640 + vat for a day rate seems quite high. Some customers don’t want to pay £200 a day! 3 bedroom house with a basic spec, should be around £4-6k all in around London. Just seems pretty high.
What ever way you look at it £80 + vat is too expensive that's £153,000 a year for a 48 week . I bet he pays his apprentice the minimum wage that's how he can afford a Tesla.
I agree the labour cost is crazy but if someone is willing to pay that amount. I would though add that your figures dont take into account working out what parts are needed and ordering them, collecting parts, doing quotes, doing certification paperwork, doing invoices, general management of the business. Then you have to account for holiday, sickness, pension, time loading and unloading tools from car etc. You then need to look at when people cancel jobs last minute or you have a quite period, if I do a job that takes say 6hrs, I dont have time to do another job so get 6hrs pay for the day, this is especially true in the winter as you often need power off you can be limited by the amount of light, work lights are useful but its so much slower as the light does not penetrate the same so trying to find things in tool boxes etc becomes more of a task. I think 80-100k would be closer to the mark, most sparkies are more like 35-40 per hour so more like 35-50k a year for self employed.
Yes sounds fairly reasonable for the whole house package with CCU and cert. Was there heating system wiring, were smoke detectors cheap, medium or Nest? The only comment was in the pricing you were adding VAT to the materials when showing us the sums on the screen, but of course the client should only pay vat once on the final amount, you claim back the materials yourself. I am sure this is how you are doing it and I just guessed that wrongly. Keep up the good work.
Its because when you mark up 10%, that 10% is profit on which you will pay vat on. So you add vat to it so you actual end up with 10% rather than 8%. I think that's where you where coming from.
£10k for a rewire is insane, your labour cost is profit cant understand how you’re saying you only made £1k when your hourly rate is £80. I rewired my own house as a competent diyer; 3 bedrooms, 3 living rooms and garage including outside lights. Took me about 10 days on and off. Had an electrician change the consumer unit and sign it off for £500. All in cost me £1600 for materials and sign off.
I don’t get the 1000 only profit? If your charging 3200 a week for one man a week surely you’re paying them a lot less than that. Even if paying a spark £1500 a week that’s still 1700 profit x 2 plus the 1000.
